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Mastering Money

Mastering Money is hosted by Certified Income Specialist™ Steve Jurich. Steve's comments have been seen on MarketWatch, CNBC.com, Bloomberg, and TheStreet.com. Steve is joined on most days by Money Radio favorite Sinclair Noe as well as experts and authors from the world of Wall Street and real estate. New episodes published every weekday at 9am PST. Listen every weekday to get a handle on emerging market trends, asset allocation strategies, social security, medicare, RMD planning, tax strategies, estate planning, annuities, life insurance and more!
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Now displaying: July, 2015

Jul 1, 2015

When you or a loved one on Medicare spends the night in the hospital, beware--your status matters. Are you considered an "outpatient under observation?" , or officially admitted as an inpatient.  Medicare requires hospitals to decide within 24 to 48 hours whether to admit or discharge a patient under observation. But several studies have shown that hospitals often flout this rule. 

"Hospitals would rather take lower Part B reimbursements by keeping a person as an outpatient" than take the chance of having to pay back the Part A money later, Edelman says. Find out how this costed a  patient over $5,000 out of pocket, even though he had become paralyzed while under "outpatient" status. Steve and Sinclair review a Kiplingers report. In the Q & A, CPA® Murray Titterington with IQ Wealth discusses the key flaws in with many of the top financial planning software platforms.

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